Maricopa Community Colleges  EPS262   19966-20086 
Official Course Description: MCCCD Approval: 07/22/08
EPS262 19966-20086 LEC 2 Credit(s) 2 Period(s)
The Franchise Venture
The role of franchising in today's economy and as an opportunity for entrepreneurial apprenticeship. Characteristics of the franchise relationship, evaluation of franchise opportunities, and planning required for the successful launch of a franchise opportunity.
Prerequisites: None.
Go to Competencies    Go to Outline
 
MCCCD Official Course Competencies:
 
EPS262   19966-20086 The Franchise Venture
1. Describe the characteristics of the franchise relationship from the points of view of both the franchisor and franchisee. (I)
2. Develop a personalized skill and experience inventory and relate the inventory strengths and weaknesses to a business franchise opportunity. (II)
3. Define criteria for identifying and screening franchising opportunities. (III)
4. Conduct an interview with a successful franchise entrepreneur, and communicate the interview results though a written report. (III)
5. Identify and describe the types of viable financing sources for the franchise. (IV)
6. Define the legal and business issues to be addressed in the franchise agreement. (V)
7. Explain the marketing, operating, financing, and regulatory issues that must be addressed during the start-up phase of the franchise. (VI)
Go to Description    Go to top of Competencies
 
MCCCD Official Course Outline:
 
EPS262   19966-20086 The Franchise Venture
    I. Characteristics of the Franchise Relationship
        A. Franchisor
        B. Franchisee
      II. Personal Skill Inventory and Business Experience Assessment
          A. Business and personal skill inventory
          B. Business experience
          C. Business experience linkage to business opportunity
        III. Analyzing Franchise Ventures
            A. Analysis of franchise opportunities
            B. Negotiation of objectives and strategies
            C. Interview an entrepreneur about franchising
            D. Communicate results of analysis
          IV. Identifying Financing Alternatives
            V. Legal and Business Concerns of the Franchise Agreement
              VI. Definition of Start-Up Issues
                  A. Management, marketing, operating, and accounting issues
                  B. Regulatory issues
              Go to Description    Go to top of Competencies    Go to top of Outline